Key Points
- EVP Dharmendra Kumar Sinha sold 91,151 shares of Rackspace on Nov. 28 at an average price of $1.04 for ~$94,797, leaving him with 2,568,895 shares (a 3.43% reduction in his position).
- Latest quarter met expectations — Rackspace reported ($0.05) EPS and $671.2M revenue (slightly ahead of estimates) and set Q4 2025 guidance of -$0.050 to -$0.030; the stock trades around $1.06 with a 52-week range of $1.00–$3.03 and a market cap of ~$257M.
- Street sentiment remains negative: MarketBeat shows a consensus rating of "Reduce" with an average price target of $1.51, while institutional investors own ~82.48% of shares (Vanguard recently increased its stake).
Rackspace Technology, Inc. (NASDAQ:RXT - Get Free Report) EVP Dharmendra Kumar Sinha sold 91,151 shares of the firm's stock in a transaction on Friday, November 28th. The shares were sold at an average price of $1.04, for a total value of $94,797.04. Following the completion of the transaction, the executive vice president owned 2,568,895 shares of the company's stock, valued at approximately $2,671,650.80. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Rackspace Technology Stock Up 2.4%
NASDAQ:RXT opened at $1.06 on Friday. Rackspace Technology, Inc. has a 52-week low of $1.00 and a 52-week high of $3.03. The stock has a fifty day simple moving average of $1.37 and a 200-day simple moving average of $1.32. The company has a market capitalization of $256.99 million, a PE ratio of -0.98 and a beta of 2.07.
Rackspace Technology (NASDAQ:RXT - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $671.20 million for the quarter, compared to analysts' expectations of $666.83 million. The business's revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share. Rackspace Technology has set its Q4 2025 guidance at -0.050--0.030 EPS.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Rackspace Technology by 6.1% during the third quarter. Vanguard Group Inc. now owns 6,288,882 shares of the company's stock worth $8,867,000 after purchasing an additional 359,087 shares during the last quarter. Geode Capital Management LLC lifted its position in Rackspace Technology by 17.9% during the second quarter. Geode Capital Management LLC now owns 2,064,549 shares of the company's stock worth $2,643,000 after buying an additional 313,636 shares during the period. AustralianSuper Pty Ltd purchased a new position in Rackspace Technology during the third quarter worth about $2,276,000. JPMorgan Chase & Co. boosted its stake in Rackspace Technology by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,464,389 shares of the company's stock worth $2,065,000 after buying an additional 26,510 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Rackspace Technology by 42.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,255,023 shares of the company's stock valued at $2,121,000 after buying an additional 373,875 shares during the period. Hedge funds and other institutional investors own 82.48% of the company's stock.
Analyst Ratings Changes
Several research analysts recently issued reports on RXT shares. Royal Bank Of Canada cut their price objective on Rackspace Technology from $2.00 to $1.75 and set a "sector perform" rating for the company in a research report on Monday, November 10th. BMO Capital Markets cut their price target on Rackspace Technology from $1.75 to $1.40 and set a "market perform" rating for the company in a report on Tuesday, August 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Rackspace Technology in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Rackspace Technology from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Rackspace Technology currently has a consensus rating of "Reduce" and an average price target of $1.51.
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About Rackspace Technology
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Rackspace Technology, Inc operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services.
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